Just for the opposite counter point....
I'm better off not waiting for a perfect setups reasons being.....
Its a perfect setup, its losing, move the SL it can't do that, move it again. Wow my account is gone.
You miss too many good runs.
You waste too much time, just looking at a screen for no profit chance. Bored
You get emotional over missed trades then trade stupidly.
The shotgun approach........
See a setup, click click, trade the setup, perfection is sadly an illusion.
Many trades, good odds of being in for big runners, go your way make 10 go against lose 2
It creates an its a game mindset, removes a lot of the stress of being right and ego
More trades should add upto more money or less time or 50/50
If the trade looks poor, dont beat yourself up and watch it hit the SL just kill it early.
Its as much about managing the trade as taking the setup.
Yes I am a shotgun guy, thankfull no comms for me just a 1pt spread on the dax, so its easy to cover the cost, dont reaaly see it even, yesterday 11 trades, 1 BE, 3 losers, 7 profitable, $140 spread cost approx, closed up +$630 traded maybe 90mins went out.
Most on here think more trades is bad cause they will lose more, cause there trading negatively its not cause there over trading, just not good traders yet.
Also most traders are losing, cause we are taught how to lose, by others who are losing but don't want to admit to it on forums, who was taught by another loser and the cycle continues, and the city boys get there 1mil bonuses from retails traders pockets, so its all good
Go your own way, don't become a average retail trader the system is setup to take there cash and run, be different break the mold.
They basically try to push everyone to long term H4 crap, with that you dont lose enough to quit, you just keep topping the account up monthly for ever, intradayers either blow the account and walk away or become rich they dont like us, over all we take there cash.
Less trades, less work, less comms, more profit is the dream, sadly the longer you hold the more it comes down to random chance and the closer it gets to being a 50/50 game, it only appears easier dont believe the hype.
I keep falling for above and my account suffers every time, intraday scalper ( not full 1pt and out ) is where its at, its hard work, accept it and get rich quickly then retire
Thats a long 1 sorry!
I'm better off not waiting for a perfect setups reasons being.....
Its a perfect setup, its losing, move the SL it can't do that, move it again. Wow my account is gone.
You miss too many good runs.
You waste too much time, just looking at a screen for no profit chance. Bored
You get emotional over missed trades then trade stupidly.
The shotgun approach........
See a setup, click click, trade the setup, perfection is sadly an illusion.
Many trades, good odds of being in for big runners, go your way make 10 go against lose 2
It creates an its a game mindset, removes a lot of the stress of being right and ego
More trades should add upto more money or less time or 50/50
If the trade looks poor, dont beat yourself up and watch it hit the SL just kill it early.
Its as much about managing the trade as taking the setup.
Yes I am a shotgun guy, thankfull no comms for me just a 1pt spread on the dax, so its easy to cover the cost, dont reaaly see it even, yesterday 11 trades, 1 BE, 3 losers, 7 profitable, $140 spread cost approx, closed up +$630 traded maybe 90mins went out.
Most on here think more trades is bad cause they will lose more, cause there trading negatively its not cause there over trading, just not good traders yet.
Also most traders are losing, cause we are taught how to lose, by others who are losing but don't want to admit to it on forums, who was taught by another loser and the cycle continues, and the city boys get there 1mil bonuses from retails traders pockets, so its all good

Go your own way, don't become a average retail trader the system is setup to take there cash and run, be different break the mold.
They basically try to push everyone to long term H4 crap, with that you dont lose enough to quit, you just keep topping the account up monthly for ever, intradayers either blow the account and walk away or become rich they dont like us, over all we take there cash.
Less trades, less work, less comms, more profit is the dream, sadly the longer you hold the more it comes down to random chance and the closer it gets to being a 50/50 game, it only appears easier dont believe the hype.
I keep falling for above and my account suffers every time, intraday scalper ( not full 1pt and out ) is where its at, its hard work, accept it and get rich quickly then retire

Thats a long 1 sorry!